Breaking News

Tag Archives: euro volatility

CBOE After Hours Liquidity; OCC on Data; Point72 algo trader hired from Citadel Newsletter,Options

Lead Stories ETH Liquidity Continues to Improve Matt McFarland – CBOE Options Blog CBOE’s Extended Trading Hours (ETH) offers trading in the Exchange’s flagship SPX, SPXW, and VIX option products beginning at 8:00 a.m. London time. CBOE made ETH available in March 2015 and has seen significant growth in 2017. Liquidity has continued to improve and has most recently dramatically increased with the entrance of two London-based dealers willing and able to commit capital to trades. Average daily volume has jumped from 4,400 contracts in 2016 to 7,500 in 2017, a 70% increase. August is on pace to be the…

Currency vol expectations regarding Jackson Hole; Debt-ceiling concerns; Credit Suisse hires Ebert from BAML Newsletter,Options

Observations & Insight Risk of sharp currency moves drives investors into hedged ETFs Helen Reid, Saikat Chatterjee and Trevor Hunnicutt – Reuters Investors have been piling into currency-hedged equity tracker funds, seeking protection against big moves in foreign exchange rates. Typically foreign investors buy un-hedged equities since share prices are usually negatively correlated to currencies. In fact, they offer a partial hedge against sharp moves in foreign exchange. /goo.gl/8JWyxh ****SD: How do ETF providers do this? Generally with forwards and options. The “o” word is only mentioned once in the article, but currency derivatives are really the heart of the…

Two Market Giants Tried to Create a $75 Billion Mega-Exchange; The Mystery of the Stubbornly-Low Volatility Index Is Deepening; Ex-Credit Suisse Trader Lures $1.6 Billion of Client Cash Newsletter,Options

Lead Stories Two Market Giants Tried to Create a $75 Billion Mega-Exchange Matthew Leising – Bloomberg CME, ICE discussed a merger after Deutsche Boerse-LSE’s deal; They’re no longer negotiating, unclear why talks broke down The world’s biggest exchanges are still looking for deals even though the merger of Deutsche Boerse AG and London Stock Exchange Group Plc was scuttled by European regulators. jlne.ws/2pxJcnX ****SD: Speaking of tie-ups, there was this story about a potential deal last week from Business Insider – TCI’s Chris Hohn on LSE – ICE deal The Mystery of the Stubbornly-Low Volatility Index Is Deepening Dani Burger…

The market’s risky bet on stability; Bets on a stock market rally using options just hit record levels; Euro Is Suddenly Everyone’s Favorite After First Round of French Election Newsletter,Options

Observations & Insight Did you know? Jim Kharouf and Spencer Doar – JLN Moscow, OneChicago, MexDer, Fear Gauge and Trump Street with an Irish twist. No, they are not connected. One of the interesting things about updating annual volume figures on our MarketsWiki site is the snapshot of how a particular exchange has been doing over a number of years. The FIA Annual Volume Survey shows a couple of unusual suspects in the top 5 in 2016 with the National Stock Exchange of India coming in second and the Moscow Exchange at number four in terms of derivatives volumes. At…

What This Ex-Wall Street Trader Who Went From ‘Zero To $200M’ Is Investing In; Financial institutions risk 24 percent revenue loss from fintech; Traders Bet the Fed Will Slow Rate Hikes to Shrink Balance Sheet Newsletter,Options

Observations & Insight End of a Series We concluded our annual Exchange Leaders Series from FIA Boca yesterday with an interview with Matt Chamberlain, interim CEO at the LME. In all, the series included eight different exchange executives who sat down to speak with us at the conference last month. If you haven’t seen them, they are all included below. Each has their own way of summing up 2016 and what is happening at their respective markets in 2017. –Sprecher Says ICE Ready To Roll Out Data and Analytics To Meet The Demand For More Info –Durkin Says CME Growth…

Sterling Trading Tech to Acquire CBOE’s Livevol X Trading Platform; Teza sells high-speed trading as lucrative business sours; Placid markets mask investor fear that equity turmoil looms Newsletter,Options

Observations & Insight Bits & Pieces By John J. Lothian This morning we present the first of our MarketsWiki Education World of Opportunity videos from Stockholm. Peter Fredriksson of Baymarkets is the first up with a story about Stockholm. My phone experienced a series of text messages yesterday as NYSE Arca Equities had electronic trading problems late in the day. Here is the System Status page with the details on the problem. It was ten years ago when I went to the FIA Boca Raton conference with an idea: MarketsWiki. It was there I pitched various firms about the idea….